Suppose you plan to invest $20000 in an account paying 8% interest per annum. How much will you have in the account in 15years?

Q: How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with…

A: Number of years refers to the time period for which the investment is paid. Sometimes, the period of…

Q: Suppose $15,000 is invested in an account with an APR of 4.5%. If the interest is compounded…

A: FV=PV×1+Rmm×n where, FV = FUTURE VALUE PV= PRESENT VALUE R = RATE/ APR m= NO OF COUMPOUNDING IN A…

Q: (Calculating Annuities) You are planning to save for retirement over the next 30 years. To do this,…

A: Stock account investment per month (S) = $700 Bond account investment per month (B) = $300 Stock…

Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 10% interest. How…

A: We can use the concept of time value of money. Here the monthly deposit is in the form of annuity…

Q: Suppose that a person deposits $2500 in a savings account at the end of each year for the next 15…

A: Here, Annual Deposits is $2,500 Interest Rate is 8% Compounding Period is Daily i.e. 365 Payment…

Q: Suppose that you need to take out a loan today and anticipate being able to pay back $50,000 sixteen…

A: Let the loan amount = X Amount to payback (A) = $50000 n = 16 years

Q: Suppose that you deposit $200 at the end of each month into an account paying an expected annual…

A: given, monthly compounding N    =10 x 12 = 120I    =3%12PV   =0PMT =200   FV    = need to find

Q: Suppose you invest $1,100 in an account paying 5% interest per year. What is the balance in the…

A: The Future Value of a lump-sum: The value of a one-time investment made at present earns interest…

Q: If you put $2,500 in a savings account at the end of each year for 10 years and then allow the…

A: Yearly payment(PMT) is $2,500 Time period(initial) = 10 years Rate 12% per annum Futute value of…

Q: How much will $10,000 grow to in 3 years, assuming an interest rate of 9% compounded quarterly? What…

A: As you have asked a multiple subpart question, we will answer the first three subparts for you. To…

Q: Suppose you invest $200 a month for 6 years into an account earning 8% compounded monthly. After 6…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Suppose that a person deposits $500 in a savings account at the end of each year, starting now, for…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: Suppose an individual makes an initial investment of $2800 in an account that earns 7.8%. compounded…

A: Given information: Initial investment is $2,800 Interest rate is 7.8% Number of periods is 12 made…

Q: Suppose that you’d like to retire in 40 years and you want to have a future value of $ 900000 in a…

A: APR: The annual interest rate that is charged to the borrowers is known as the annual percentage…

Q: Suppose you have the opportunity to make an investment in a real estate venture that expects to pay…

A: Present value of annuity = P * {1-[1/(1+r)^n]/r} Where, P =Periodic Payment i.e. 750 r =rate of…

Q: Suppose you invest $1,000 in an account paying 10% interest per year. How much will you have in the…

A: In this question future value is to be find out. Future value is the value of an asset which grows…

Q: If you deposit ​$3,500 today into an account earning an annual rate of return of 11 ​percent, what…

A: Deposit today (P0) = $3,500 Annual rate of return (i) = 0.11 Period (p) = 40 years Account worth in…

Q: You invest $10,000 into a money market account that pays interest on a semi-annual basis (e.g.,…

A: We use NPER function in excel by taking present value as 10000 and future value as 20000 and…

Q: Suppose we are going to make monthly deposits in to an account with an annual interest rate of 4.1%…

A:

Q: If you saved $5,000 per year (at the end of each year) for 10 years in an account with a 4% interest…

A: Here, To Find: Future value (FV) =?

Q: What is the difference between simple interest and compound interest? Suppose you have $500 to…

A: Difference between Simple Interest and Compound interest Simple Interest is the interest that one…

Q: will your hotel have at the end of the 10th year ($)?

A: Future value refers to the amount of a current cash flow at some future date based on the given…

Q: If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much…

A: PV=FV/(1+i)^n (PV= present value FV= Future value i= discount rate  n= Number of period ) FV=…

Q: If you invest $2,000 in an account with an annual yield of 12.0% compounded each month. What is the…

A: The question is based on the concept of calculation of future value . Formula as,  FV=PV*(1+rn)t*n

Q: What would your investment account be worth in 23 years if you currently have $7,000 saved and plan…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: You invest $1000 into an account that accrues interest monthly at a rate of 0.16%. (a) How much…

A: The future value of a cash flow is the future worth of a cash flow at a certain rate of interest and…

Q: eposit $10,000 into an investment account.  You believe that you can reasonably expect a compounding…

A: The more is compounding of interest rate more is the effective interest rate and more is future…

Q: You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: Interest rate = 5% Present value = $4,000 Period = 10 years

Q: How much money should you invest now (to the nearest dollar) in an account that earns interest at a…

A: Future value (FV) = $ 291,000 Interest rate (r) = 8.9% Period (t) = 13 Years Constant (e) = 2.7183…

Q: stomer wishes to have an amount of R300 000 at the end of 10 years. The bank pays an interest rate…

A: The given problem can be solved using PV function in excel. PV function computes present worth for…

Q: You are planning to save for retirement over the next 30 years. To do this, you will invest $700 a…

A: Using excel FV and PMT function

Q: You just opened a brokerage account, depositing $4,000. You expect the account to earn an interest…

A:

Q: You decided to deposit $300 each month starting next month for the next 10 years. If your account…

A: Computation:

Q: Suppose you invest $120 a month for 5 years into an account earning 9% compounded monthly. After 5…

A: Computation:

Q: Starting next year you plan to deposit $1000 each year into an account earning 9.25% effective…

A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…

Q: You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a…

A: Calculation of monthly withdrawal amount: Answer: Monthly withdrawal amount is $3113.04

Q: Suppose you plan to deposit $100 into an account in one year and $300 into the account in three…

A: Computation:

Q: How much should you invest each quarter if you can earn a rate of 4.8% compounded quarterly?  How…

A: To find the payment per quarter one can use “ pmt function “ in excel. To find the total money we…

Q: Suppose you invest $180 a month for 6 years into an account earning 10% compounded monthly. After 6…

A: When the money is deposited or collected at a regular interval of time with the given interest rate,…

Q: Suppose you invest $130 a month for 8 years into an account earning 10% compounded monthly. After 8…

A: Future value of annuity is the recurring payment at regular interval compounded at specified rate to…

Q: Suppose that you have opened a saving account with an initial deposit of $10,000. The account offers…

A: Initial deposit (P) = $10000 Final amount needed (F) = $15000 n = 10 years Let the annual interest =…

Q: f you borrow 5000 USD at 5% simple interest annually for 8 years, how much will you have to repay at…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: If $10,000 is invested in a certain business at the start of the​ year, the investor will receive…

A: Basic Details: 1. Amount Invested = $10000 2. Annual Cash Flow = $3000 3. Term = 4 Years 4. Interest…

Q: If you invest $10,000 at 8.125% interest compounded daily, how long will it take for you to…

A: Present value =$10,000 Future value = $15,000 Interest rate = 8.125% compounded daily So, daily…

Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 6% interest. How…

A: Solution:- When an equal amount is deposited each period, it is called annuity. Future value of…

Q: Suppose that you earn $45,600 per year. What is your monthly salary? Assume that you deposit 10% of…

A: Future value of annuity The future value of annuity refers to the total value of the investment at…

Q: Suppose that you are about to borrow $10,000 from a bank. Suppose you will be repaying using…

A: Bank charges interest rate when you borrow money and these are to be paid equal annual payment or…

Q: How how much will you have in the account after 10 years if the account earns an effective annual…

A: Future Value: It represents the future worth of the present stream of cash flows. It is computed by…

Q: If you put $2,500 in a savings account at the end of each year for 10 years and then allow the…

A: End of year deposits Time Period for deposits = 10 years Annual Amount = 2500 Interest Rate = 12%…